Global Polyisobutylene Market– Industry Trends and Forecast to 2025

Market Analysis: Global Polyisobutylene Market

The global Polyisobutylene market accounted for USD 2.21 billion in 2017 and is projected to grow at a CAGR of 5.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition: Global Polyisobutylene Market

Polyisobutylene (PIB) is a commercial polymer or elastomer that is used in a number of applications in various industries due to its thermal stability, flexibility, and impermeability to gases. Polyisobutylene an elastomer or synthetic rubber is the only rubber that is impermeable to gases. There is a growing demand for polyisobutylene in transportation, industrial and food activates, which is expected to be one of the major drivers of the market over the next seven years
Major Market Drivers:
  • High demand for tire and tube manufacturing
  • Positive growth in adhesives & sealants industry
  • Increasing demand in medical packaging
Market Restraint:                  
  • Stringent environmental legislations

Market Segmentation: Global Polyisobutylene Market

  • The polyisobutylene market is segmented on the basis of molecular weight into low MW PIB, medium MW PIB, and high MW PIB.

Major Market Competitors: Global Polyisobutylene Market

Some of the major players in polyisobutylene market ExxonMobil Corporation, BASF SE, Lanxess AG, INEOS, TPC Group, Chevron Oronite Company LLC, The Lubrizol Corporation, Infineum International Ltd., Berkshire Hathaway Inc., Kothari Petrochemicals, Sibur and many more.
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